Important Corporate Update - Taiga Gold Corp.
On December 2, 2021 SSR Mining and Taiga Gold announced the friendly acquisition of Taiga Gold by SSR Mining whereby SSR Mining is to acquire all of the issued and outstanding common shares of Taiga Gold at a price of C$0.265 per Taiga Gold share. The Transaction implies an equity value of approximately C$27 million (US$21 million) on a fully diluted in-the-money basis.
The Transaction is expected to close in the first half of 2022.
Taiga Gold Corp. (TGC:CSE) is a mineral exploration company focussing on gold and operating in vicinity of SSR Mining's Seabee Gold Operation located in eastern Saskatchewan.
Corporate Objective: To enhance shareholder value through development of early stage gold exploration projects using the contributions from options partners as well as self-funded programs. Taiga Gold Corp. was spun-out of Eagle Plains Resources (EPL:TSX-V) in order to spotlight the value of the Fisher Property and ongoing exploration efforts at its projects located in the region of SSR Mining's Seabee Gold Operation.
Flagship Project: Taiga Gold’s flagship project is the Fisher property where, to date, 4 separate high-grade gold discoveries have been made. This property is located adjacent to SSR Mining’s Seabee Gold Operation and approximately 1.5km from the Santoy Mine itself. The Fisher property is bisected by the Santoy Shear Zone along its entire length, approx. 25km, and the nearby Santoy Mine is currently producing high-grade gold from this structure. On January 5, 2021, Taiga received notice from SSR Mining that it had exercised the second option earn-in for a total interest of 80% in the Fisher Property and an 80/20% joint-venture has been formed between SSR Mining and Taiga Gold Corp. called the "Fisher JV". In order to execise this second option SSR Mining has paid Taiga Gold $3 million in cash. It is anticipated that this JV will continue to undertake significant exploration including drilling with the intent of locating gold deposits for development into potential reserves.
Tim Termuende Discusses Taiga Gold in this Series of Videos
Tim Termuende and Proven & Probable Discuss Taiga Gold Corp. - November 2020
Tim Termuende and David Morgan Discuss Taiga Gold, its flagship the Fisher and SSR Mining - March 2020
Tim Termuende Presents Taiga Gold Corp. at the Metals Investor Forum - January 2020
Tim Termuende Discusses Taiga Gold Corp. with John Kaiser of Kaiser Research at the Metals Investment Forum in Vancouver - January 2020
Tim Termuende Discusses Taiga Gold and Eagle Plains with David Morgan of the Morgan Report - October 2018
David Morgan discusses the Spin-Out of Taiga Gold Corp. from Eagle Plains Resources with President and CEO Tim Termuende - March 2018
Visit the company that spun-out Taiga Gold Corp.
- Eagle Plains Resources -
and its wholly-owned subsidiary company Terralogic Exploration